beef production

Beef Production Forecast Drops Slightly for 2018-2019

Dan Beef, Cattle, Industry News Release

USDA recently reduced its forecast for beef production in 2018 by 30 million pounds. The new forecast is 26.9 billion pounds. The slight revision is based on numbers at the end of the third quarter, and from fourth-quarter expectations of slightly fewer steers and heifers to be slaughtered and fewer bulls in the slaughter mix. The industry website Meating Place …

meat

Extra Beef, Pork Supplies Pressuring Chicken

Dan Beef, Industry News Release, Pork, Poultry

Trade issues have led to an increasing supply of beef and pork, which in turn is pressuring poultry sales. The extra beef and pork means retailers are featuring those products more than poultry, luring consumers away from chicken purchases. Pilgrim’s Pride CEO Bill Lovette says the chicken processor posted a sharp drop in third-quarter earnings. The drop was attributed to …

usmca

USMCA Predicted to Boost Protein Exports

Dan Beef, Industry News Release, Pork, Poultry

Industry experts say the new U.S.-Mexico-Canada Trade Agreement (USMCA) could lead to modest export gains for U.S. poultry, pork, and beef. A new report from CoBank says the agreement is expected to keep tariffs on food and agriculture between the three countries at zero. The report says the U.S. chicken sector exports are predicted to rise 47,000 metric tons in …

meat

Farm Groups Keep Pressure On to Formalize Meat Definition

Dan Beef, Industry News Release

The National Farmers Union has sent a second letter to the Food and Drug Administration regarding the labeling of cell-cultured meat. The letter calls for officials to finally formalize the definition of protein products that don’t come from livestock and are currently labeled as cell-cultured “meat.” The industry website Meating Place Dot Com says the group wants the FDA to …

extra

Updated KORUS Protects Current Market Share

Dan Beef, Exports/Imports, Industry News Release, Pork, Trade

The new KORUS agreement offers a sigh of relief for U.S. beef and pork. The U.S. Meat Export Federation says the market access terms secured in the original KORUS not only helped increase U.S. red meat’s market share in South Korea, but also bolstered consumption by making U.S. beef and pork products more affordable and accessible to Korean consumers. Those …

usmca

USDA Says Meat and Animal Product Exports up in 2018

Dan Beef, Exports/Imports, Industry News Release, Pork, Poultry, Sheep-Goats

All major U.S. animal protein sources experienced growth in exports in the first half of 2018 compared to the same period in 2017. The Department of Agriculture’s Economic Research Service said this week that trade data for the first half of the year indicate year-over-year growth for U.S. exports of all major meats as well as dairy and eggs. Dairy …